7/103 sources · 3 publishersUpdated Oct 30, 07:48 UTC
Visa reports tenfold rise in annual stablecoin settlement volume to over $25 billion
Visa disclosed that its stablecoin settlement volume exceeded $25 billion on an annualized basis, a tenfold increase from the prior year. The company now supports five stablecoins on ten blockchains and has expanded its stablecoin‑linked card programs to more than 225, covering roughly five million cards in over 50 countries. CEO Ryan McInerney shared the figures during Visa’s earnings call.
Why it matters
The surge signals strong demand for Visa’s crypto‑related services, potentially boosting transaction‑related revenue. Macquarie’s raised price target to $465 reflects analyst optimism about the growth opportunity.
Key facts
- 1Annualized stablecoin settlement volume surpassed $25 billion, a tenfold increase year‑over‑year. finance.yahoo.com
- 2Visa supports five stablecoins across ten blockchains. forklog.com
- 3Stablecoin‑linked card programs grew to more than 225, serving about five million cards in over 50 countries. finance.yahoo.com
- 4Transaction volume across the card programs grew more than 150% year‑over‑year. finance.yahoo.com
- 5Macquarie raised its price target for Visa to $465, implying a 13.3% upside. tradingview.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.